Asure Software Inc Stock Price, News & Analysis

Asure Software (Nasdaq: ASUR) reported strong Q2 2022 results, with revenue reaching $20.3 million, marking an 18% increase year-over-year. The company achieved an impressive 87% growth in new sales bookings and a 23% rise in Non-GAAP EBITDA to $1.3 million. Despite a net loss of $0.7 million, Asure maintained a solid cash position of $14.6 million. The company plans to launch innovative solutions, including a new Tax Portal and Integration Marketplace, aimed at enhancing client experience and operational efficiency.

Asure Software (Nasdaq: ASUR) has launched a new Asure Tax Portal aimed at enhancing transparency and efficiency for clients regarding tax compliance. This web portal allows users to easily access tax returns, schedules, and real-time filing statuses from a single, secure location. The portal is particularly beneficial for payroll providers and CPA partners, streamlining management across 7,000+ tax jurisdictions. Asure highlights this development as a significant competitive advantage in the Human Capital Management sector, improving operational efficiency for large enterprises.

Asure (Nasdaq: ASUR), a provider of cloud-based Human Capital Management (HCM) software, will announce its Q2 2022 financial results after market close on August 8, 2022. A conference call hosted by Chairman and CEO Pat Goepel and CFO John Pence will take place at 3:30 PM CT (4:30 PM ET) to discuss these results. Investors can access the live call and a replay via the company’s investor relations website.

Asure Software (Nasdaq: ASUR) reported a 23% increase in revenue to $24.3 million for Q1 2022, alongside an 18% growth in non-GAAP EBITDA to $4.0 million. The company achieved total bookings growth of 43% year-over-year, signaling strong operational momentum. Its new Integration Marketplace launched with over 125 vendor integrations, enhancing client services. Despite a GAAP net loss of $3.0 million, the company raised its revenue guidance for 2022 to $88-$90 million. Management emphasized their strategy and partnerships will bolster future growth and efficiency.

Asure Software (Nasdaq: ASUR) has launched its new Integrations Marketplace, featuring over 125 prebuilt integrations with Payroll and HR vendors. This initiative stems from recent enhancements to their technology and an 'API-first' strategy. CEO Pat Goepel highlighted that these integrations will save clients time and reduce ownership costs while expanding Asure's sales opportunities through strategic partnerships. These developments aim to improve client satisfaction by eliminating manual data entry and enhancing data integrity.

Asure (Nasdaq: ASUR), a cloud-based Human Capital Management (HCM) software provider, will release its first-quarter 2022 financial results on May 9, 2022, after market close. A conference call hosted by CEO Pat Goepel and CFO John Pence will take place at 3:30 PM CT to discuss the results, followed by a Q&A session. The call can be accessed via U.S. dial-in at (877) 853-5636 or international at (631) 291-4544. Asure supports over 80,000 businesses with HCM solutions including Payroll, HR, and Time & Attendance.

Asure Software (Nasdaq: ASUR) announced new integrations with Automation Anywhere and Workato to enhance its Human Capital Management (HCM) platform. These integrations utilize Robotic Process Automation (RPA) to streamline Payroll, HR, Tax Management, and money-movement services. The Automation Anywhere integration improves internal effectiveness by deploying RPA bots, while Workato enhances API integrations to optimize backend processes. CEO Pat Goepel emphasized that automation is transforming productivity and customer experiences, allowing staff to focus on more impactful, client-facing tasks.

Asure Software, Inc. (Nasdaq: ASUR) reported impressive growth in its fourth quarter and full year results for 2021, showcasing a 29% increase in revenue to $21.1 million. Non-GAAP EBITDA more than doubled to $2.4 million, reflecting robust business performance. Key highlights included 5% organic growth and significant acquisitions driving revenue. The company also filed for over $200 million in Employee Retention Tax Credits on behalf of clients, enhancing its service offerings. Looking ahead, guidance for Q1 2022 revenue is between $23.25 million and $23.75 million, with a full-year revenue forecast of $85.0 million to $90.0 million.

Asure Software (Nasdaq: ASUR) has announced a new integration with Intuit QuickBooks to enhance productivity for accountants and clients during the tax season. This integration enables automatic syncing of payroll data with QuickBooks Online, eliminating manual entry and reducing errors. Accountants can leverage their newfound time for strategic offerings, improving client financial management through automated payroll and tax reporting. CEO Pat Goepel emphasized that this initiative aims to enhance client efficiency and support comprehensive HR needs, including payroll, onboarding, and performance management.